First Hawaiian Bank Acquires 276 Shares of Leidos Holdings, Inc. (NYSE:LDOS)

First Hawaiian Bank boosted its stake in shares of Leidos Holdings, Inc. (NYSE:LDOS) by 10.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,977 shares of the aerospace company’s stock after buying an additional 276 shares during the period. First Hawaiian Bank’s holdings in Leidos were worth $434,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LDOS. Lindbrook Capital LLC lifted its position in Leidos by 209.0% in the fourth quarter. Lindbrook Capital LLC now owns 275 shares of the aerospace company’s stock worth $30,000 after buying an additional 186 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new stake in Leidos in the fourth quarter worth about $35,000. Tidemark LLC purchased a new position in shares of Leidos during the fourth quarter valued at approximately $41,000. Friedenthal Financial bought a new position in shares of Leidos during the fourth quarter valued at approximately $43,000. Finally, Principal Securities Inc. purchased a new stake in shares of Leidos in the fourth quarter worth approximately $49,000. 76.12% of the stock is owned by institutional investors.

Leidos Price Performance

LDOS traded up $2.17 on Tuesday, hitting $144.83. 459,762 shares of the company were exchanged, compared to its average volume of 896,100. The business’s fifty day moving average is $146.96 and its 200 day moving average is $135.03. The firm has a market capitalization of $19.58 billion, a P/E ratio of 62.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.68. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.24 and a current ratio of 1.21. Leidos Holdings, Inc. has a fifty-two week low of $89.22 and a fifty-two week high of $155.45.

Leidos (NYSE:LDOS) last released its quarterly earnings results on Tuesday, July 30th. The aerospace company reported $2.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.36. The firm had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.06 billion. Leidos had a net margin of 2.72% and a return on equity of 28.40%. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. As a group, sell-side analysts anticipate that Leidos Holdings, Inc. will post 8.9 EPS for the current year.

Leidos Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date is Friday, September 13th. Leidos’s dividend payout ratio is presently 65.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wells Fargo & Company upped their price objective on Leidos from $168.00 to $172.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. Robert W. Baird upped their target price on Leidos from $145.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. TD Cowen upped their price objective on shares of Leidos from $155.00 to $166.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their price target on shares of Leidos from $160.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 24th. Finally, Citigroup lifted their price objective on shares of Leidos from $165.00 to $169.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $160.58.

Insider Activity

In other news, insider Roy E. Stevens sold 875 shares of the company’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $150.67, for a total transaction of $131,836.25. Following the completion of the sale, the insider now directly owns 44,149 shares of the company’s stock, valued at $6,651,929.83. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Leidos news, insider Roy E. Stevens sold 875 shares of Leidos stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $150.67, for a total value of $131,836.25. Following the transaction, the insider now directly owns 44,149 shares of the company’s stock, valued at approximately $6,651,929.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert C. Kovarik, Jr. sold 1,059 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $145.23, for a total transaction of $153,798.57. Following the completion of the sale, the director now directly owns 7,455 shares in the company, valued at approximately $1,082,689.65. The disclosure for this sale can be found here. Insiders own 0.96% of the company’s stock.

Leidos Profile

Leidos Holdings, Inc, together with its subsidiaries, provides services and solutions in the defense, intelligence, civil, and health markets in the United States and internationally. The company operates through Defense Solutions, Civil, and Health segments. The Defense Solutions segment offers national security solutions and systems for air, land, sea, space, and cyberspace for the U.S.